Source: ITR Economics – Now part of Crowe
ITR Economics is always helping businesses prepare for the future, especially with a depression coming in the 2030s. Unfortunately, due to the gravity of the coming depression, it is all too easy to focus on the negativity and lose sight of the opportunities right in front of you. As we make our way into the second half of the 2020s, there will be business opportunities you will not want to miss out on.
Expected Growth for the US Economy
Businesses have had to overcome several challenges so far this decade, starting with the COVID-19 pandemic and the associated recession. With several major industries facing decline in 2024, things have not gotten any easier.
However, the second half of the decade is expected to tell a different story. Starting in 2025, we are expecting the economy to trend upward and generally continue to grow leading up to the 2030s. After the temporary lull this year, US Industrial Production is expected to climb, and we expect US GDP to continue to grow as well.
As a reminder, not every industry will be impacted the same. Nevertheless, the economy is likely to help provide organic growth opportunities for businesses with the right plans in place to meet their inventory and capacity needs.
This expected economic growth will make it easier to grow your business, without the need to take market share by entering new regions or new vertical markets.
Inflation Trends Throughout the 2020s
ITR Economics has long been talking about inflation this decade, as it is expected to remain elevated in the 2020s compared to what we saw in the 2010s. However, these next few years will provide a great opportunity to invest in your business; if you leave too much money on the sidelines, its buying power will dwindle throughout the decade due to sustained inflation.
It will benefit you to invest in new technology and automation to improve the efficiency of your systems and processes. This also includes making smart investments in new AI technology.
Build a Financial Bunker Ahead of the 2030s Depression
Of course, smart investments made today will help you ensure you have maximized your assets ahead of the 2030s depression. This will help you as you build your Financial Bunker, which is an excellent way to position yourself to create wealth in the 2030s.
You will want to have as much cash as possible once we hit the cyclical low of the next economic depression. Having more cash at the bottom of the business cycle will enable you take advantage of opportunities to purchase assets at discount prices.